Hong Kong may use exchange fund to buy gold, John Lee says after historic 5-year plan

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Hong Kong leader John Lee Ka-chiu will unveil the city’s first five-year plan at the legislature on Wednesday morning, followed by his annual policy address.

The highly anticipated plan, which comes after a two-month public consultation, aims to align the city’s priorities with the nation’s 2026–30 development blueprint.

Lee said in an op-ed on Monday that the blueprint will include both binding and anticipatory targets for Hong Kong while stressing that the long-term plan will not move the city towards a planned economy.

The five-year plan will map out the long-term blueprint and strategic direction for Hong Kong’s development with “far-reaching significance”, while the policy address will continue to serve as an annual report and set out how the government would implement the plan in a given year, he added.

This year’s policy address will also be Lee’s last of his current term.

COMING SOON: Hong Kong leader John Lee’s 2026 policy address

Follow the South China Morning Post’s live blog for the latest updates on the two documents set to guide the city’s economic and social development over the coming five years.

Reporting by Jeffie Lam, Natalie Wong, Emily Hung, Edith Lin, Leopold Chen, Denise Tsang, Connor Mycroft, Lo Hoi-ying, Mike Chan, Eric Jiang, Emily Tsang and Cannix Yau